Research Report Detail

Bank of America maintains neutral on Reliance Industries

Exploration and production set to turn around in FY15. KGD6 gas price hike from April 2014 likely. KG D6 acreage relinquishment may cut reserves by 14 per cent, but estimated hit to RIL's FY13-16 earnings per share may be just 0.9-1.7 per cent. Target at Rs 920.